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dc.titleEvolution and Rationality of Budget Institutions in Colombia
dc.contributor.authorHommes, Rudolf
dc.contributor.orgunitDepartment of Research and Chief Economist
dc.coverageColombia
dc.date.available2011-01-14T00:00:00
dc.date.issue1996-01-01T00:00:00
dc.description.abstractThe independence of central banks has an effect on the macroeconomic results of economies and ultimately on inflation. A similar relationship may exist between budget institutions and the fiscal performance of governments. Budget institutions may have a bearing on fiscal results. There is evidence that indicates that budgetary procedures favoring a stronger position of the budget authority vis-a-vis other members of government, or giving more power to the executive lead to greater fiscal discipline. This paper next examines the historical development of the budgetary institutions, and attempts to explain why and how the particularly Colombian pattern of fiscal behavior managed to develop.
dc.format.extent41
dc.identifier.doihttp://dx.doi.org/10.18235/0011585
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Evolution-and-Rationality-of-Budget-Institutions-in-Colombia.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFiscal Policy
dc.subjectPublic Administration
dc.subjectMonetary Policy
dc.subject.keywordsWP-317;deficit
idb.identifier.pubnumberWorking Papers
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